Sealand Capital Galaxy (LSE:SCGL) Long-Term Capital Lease Obligation : £0.00 Mil (As of Dec. 2023)

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What is Sealand Capital Galaxy Long-Term Capital Lease Obligation?

Sealand Capital Galaxy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil.

Sealand Capital Galaxy's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (£0.02 Mil) to Jun. 2023 (£0.00 Mil) but then stayed the same from Jun. 2023 (£0.00 Mil) to Dec. 2023 (£0.00 Mil).

Sealand Capital Galaxy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£0.00 Mil) to Dec. 2022 (£0.02 Mil) but then declined from Dec. 2022 (£0.02 Mil) to Dec. 2023 (£0.00 Mil).

Sealand Capital Galaxy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sealand Capital Galaxy's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sealand Capital Galaxy Long-Term Capital Lease Obligation Chart

Sealand Capital Galaxy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.03

0.02

Sealand Capital Galaxy Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											-	-	0.02	-	-

Sealand Capital Galaxy (LSE:SCGL) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Sealand Capital Galaxy Long-Term Capital Lease Obligation Related Terms

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Sealand Capital Galaxy (LSE:SCGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Sealand Capital Galaxy Ltd (LSE:SCGL) » Definitions » Long-Term Capital Lease Obligation

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Address

Willow House, Cricket Square, PO Box 709, Grand Cayman, CYM, KY1 1107

Website

https://www.scg-ltd.com

Sealand Capital Galaxy Ltd operates as a special purpose acquisition company. It is engaged in the digital marketing and other IT and e-commerce related businesses.

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